GC Blog: Foxed by financing

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GC Blog: Foxed by financing

Confusion hit Blog Towers late last week after a press release arrived in our inbox about Macquarie arranging financing for LDC to buy the NEC Group from Birmingham City Council.

For the uninitiated, NEC Group owns a host of venues in Birmingham. But as Fox News reported earlier this in January, Birmingham is 100% Muslim.

So surely the funding method in question should have been a sukuk or some other form of Islamic financing, rather than a “bespoke unitranche loan”, as stated in the release.

Things were cleared up after Fox issued an on-air apology for saying Birmingham is a Muslim-only city. Apparently, they were mistaken.

Luckily for our readers, Blog would never make such an error.

See other sections for news on atheist popes through history and bears’ preference for plains as the ideal location for bathroom visits.

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